North Central Massachusetts Chamber Of Commerce Inc
North Central Massachusetts Chamber of Commerce: Steady Growth, Strong Local Focus
EIN: 222505324 · Fitchburg, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.7M |
| Program Spending | 70% |
| Net Assets | $700K |
| Transparency Score | 75/100 |
Is North Central Massachusetts Chamber Of Commerce Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North Central Massachusetts Chamber Of Commerce Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About North Central Massachusetts Chamber Of Commerce Inc
North Central Massachusetts Chamber Of Commerce Inc (EIN: 222505324) is a nonprofit organization based in Fitchburg, MA. The organization reported total revenue of $1.7M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Central Massachusetts Chamber Of Commerce Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Central Massachusetts Chamber Of Commerce Inc is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$30K |
| Total Assets | $1.4M |
| Total Liabilities | $654K |
| Net Assets | $700K |
| Operating Margin | 1.8% |
| Debt-to-Asset Ratio | 48.3% |
| Months of Reserves | 9.7 months |
Financial Health Grade: A
In 2024, North Central Massachusetts Chamber Of Commerce Inc reported a surplus of $30K with revenue exceeding expenses, holds 9.7 months of operating reserves (strong position), has a debt-to-asset ratio of 48.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), North Central Massachusetts Chamber Of Commerce Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -2.2% | +3.6% | +4.0% |
| 2023 | +12.3% | +5.8% | +1.6% |
| 2022 | +24.3% | +32.3% | -6.5% |
| 2021 | +9.2% | +0.7% | +8.4% |
| 2020 | +10.6% | +12.3% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates North Central Massachusetts Chamber Of Commerce Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, North Central Massachusetts Chamber Of Commerce Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $30K, with revenue exceeding expenses.
- Debt-to-asset ratio: 48.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size and suggests that compensation may be reported under other expense categories or that key personnel are compensated through related entities.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of North Central Massachusetts Chamber Of Commerce Inc's IRS 990 filings:
- Consistent reporting of 0% compensation for officers, directors, trustees, and key employees across all years, which is highly improbable for an organization with revenues exceeding $1.6 million.
- Lack of detailed breakdown for program, administrative, and fundraising expenses in the provided data, making a precise spending breakdown estimation challenging.
Strengths
The following positive indicators were identified for North Central Massachusetts Chamber Of Commerce Inc:
- Consistent revenue growth, increasing from $990,174 in 2018 to $1,698,075 in 2024, indicating strong financial health and increasing community support.
- Stable asset base, demonstrating sound financial management and long-term sustainability.
- Positive net income in most years, with revenue consistently exceeding expenses.
Frequently Asked Questions about North Central Massachusetts Chamber Of Commerce Inc
Is North Central Massachusetts Chamber Of Commerce Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, North Central Massachusetts Chamber Of Commerce Inc (EIN: 222505324) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does North Central Massachusetts Chamber Of Commerce Inc spend its money?
North Central Massachusetts Chamber Of Commerce Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to North Central Massachusetts Chamber Of Commerce Inc tax-deductible?
North Central Massachusetts Chamber Of Commerce Inc is registered as a tax-exempt nonprofit (EIN: 222505324). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of North Central Massachusetts Chamber Of Commerce Inc's spending goes to programs?
North Central Massachusetts Chamber Of Commerce Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is North Central Massachusetts Chamber Of Commerce Inc located?
North Central Massachusetts Chamber Of Commerce Inc is headquartered in Fitchburg, Massachusetts and files with the IRS under EIN 222505324.
How many years of IRS 990 filings does North Central Massachusetts Chamber Of Commerce Inc have?
North Central Massachusetts Chamber Of Commerce Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.7M in total revenue.
What does North Central Massachusetts Chamber Of Commerce Inc do?
North Central Massachusetts Chamber Of Commerce Inc is a nonprofit organization in the Unknown sector, located in Fitchburg, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does North Central Massachusetts Chamber Of Commerce Inc have?
North Central Massachusetts Chamber Of Commerce Inc reported total revenue of $1,676,124. Based on 13 IRS 990 filings on record.
What are North Central Massachusetts Chamber Of Commerce Inc's total assets?
North Central Massachusetts Chamber Of Commerce Inc holds total assets of $1,395,807 as reported in IRS 990 filings.
Where is North Central Massachusetts Chamber Of Commerce Inc located?
North Central Massachusetts Chamber Of Commerce Inc is based in Fitchburg, Massachusetts.
What is North Central Massachusetts Chamber Of Commerce Inc's EIN?
North Central Massachusetts Chamber Of Commerce Inc's Employer Identification Number (EIN) is 222505324. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is North Central Massachusetts Chamber Of Commerce Inc?
North Central Massachusetts Chamber Of Commerce Inc is classified under NTEE code Unknown (Unknown).
Is North Central Massachusetts Chamber Of Commerce Inc a registered 501(c)(3)?
North Central Massachusetts Chamber Of Commerce Inc appears in IRS records (EIN: 222505324). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does North Central Massachusetts Chamber Of Commerce Inc file IRS Form 990?
Yes, North Central Massachusetts Chamber Of Commerce Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was North Central Massachusetts Chamber Of Commerce Inc's revenue in 2024?
In the 202406 filing period, North Central Massachusetts Chamber Of Commerce Inc reported total revenue of $1,698,075, total expenses of $1,668,140, and net assets of $1,354,170.
Is North Central Massachusetts Chamber Of Commerce Inc's revenue growing or declining?
North Central Massachusetts Chamber Of Commerce Inc's revenue is relatively stable. Revenue went from $1,736,457 (202306) to $1,698,075 (202406), a -2.2% change. Based on 13 filings on record.
What is North Central Massachusetts Chamber Of Commerce Inc's most recent 990 filing?
The most recent IRS Form 990 filing for North Central Massachusetts Chamber Of Commerce Inc covers tax period 202406. It shows revenue of $1,698,075, expenses of $1,668,140, total assets of $1,354,170, and liabilities of $654,220.
How much does North Central Massachusetts Chamber Of Commerce Inc spend on programs vs administration?
Based on IRS 990 analysis, North Central Massachusetts Chamber Of Commerce Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is North Central Massachusetts Chamber Of Commerce Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, North Central Massachusetts Chamber Of Commerce Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for North Central Massachusetts Chamber Of Commerce Inc?
The following concerns were identified: Consistent reporting of 0% compensation for officers, directors, trustees, and key employees across all years, which is highly improbable for an organization with revenues exceeding $1.6 million.. Lack of detailed breakdown for program, administrative, and fundraising expenses in the provided data, making a precise spending breakdown estimation challenging.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are North Central Massachusetts Chamber Of Commerce Inc's strengths?
Positive indicators for North Central Massachusetts Chamber Of Commerce Inc include: Consistent revenue growth, increasing from $990,174 in 2018 to $1,698,075 in 2024, indicating strong financial health and increasing community support.. Stable asset base, demonstrating sound financial management and long-term sustainability.. Positive net income in most years, with revenue consistently exceeding expenses.. These findings are derived from AI analysis of the organization's financial filings.
How does North Central Massachusetts Chamber Of Commerce Inc compensate executives?
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size and suggests that compensation may be reported under other expense categories or that key personnel are compensated through related entities. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is North Central Massachusetts Chamber Of Commerce Inc?
• The organization consistently reports its financial data, with revenue increasing from $990,174 in 2018 to $1,698,075 in 2024. • Assets have remained stable, fluctuating between $1,265,180 and $1,395,807 over the past seven years. • The organization consistently reports 0% compensation to officers, directors, trustees, and key employees, which is unusual and requires further investigation. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent 0% executive compensation reported, how are key leadership roles compensated, and what is the actual cost of executive leadership to the organization?
The consistent reporting of 0% for executive compensation suggests that compensation for key personnel might be categorized under other operational expenses, paid through a related entity, or that the organization relies heavily on volunteer leadership. A deeper dive into the detailed expense categories would be necessary to understand the true cost of executive leadership.
What specific programs and initiatives are driving the consistent revenue growth observed over the past several years?
While the data shows consistent revenue growth from $990,174 in 2018 to $1,698,075 in 2024, the provided information does not detail specific programs or initiatives. Further investigation into their annual reports or program descriptions would be needed to identify the drivers of this growth.
Filing History
IRS 990 filing history for North Central Massachusetts Chamber Of Commerce Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), North Central Massachusetts Chamber Of Commerce Inc's revenue has grown by 117.1%, moving from $782K to $1.7M. Total assets decreased by 24.3% over the same period, from $1.8M to $1.4M. Total functional expenses rose by 107%, from $806K to $1.7M. In its most recent filing year (2024), North Central Massachusetts Chamber Of Commerce Inc reported a surplus of $30K, with revenue exceeding expenses. The organization holds $654K in liabilities against $1.4M in assets (debt-to-asset ratio: 48.3%), resulting in net assets of $700K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.7M | $1.7M | $1.4M | $654K | — | View 990 |
| 2023 | $1.7M | $1.6M | $1.3M | $652K | — | — |
| 2022 | $1.5M | $1.5M | $1.3M | $762K | — | View 990 |
| 2021 | $1.2M | $1.1M | $1.4M | $858K | — | View 990 |
| 2020 | $1.1M | $1.1M | $1.3M | $847K | — | View 990 |
| 2019 | $1.0M | $1.0M | $1.3M | $882K | — | View 990 |
| 2018 | $990K | $970K | $1.4M | $959K | — | View 990 |
| 2017 | $1.0M | $985K | $1.3M | $917K | — | View 990 |
| 2016 | $934K | $924K | $1.3M | $909K | — | View 990 |
| 2015 | $898K | $970K | $1.4M | $977K | — | View 990 |
| 2014 | $898K | $929K | $1.6M | $1.1M | — | View 990 |
| 2013 | $892K | $896K | $1.8M | $1.3M | — | View 990 |
| 2012 | $782K | $806K | $1.8M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.7M, expenses of $1.7M, and assets of $1.4M (revenue -2.2% year-over-year).
- 2023: Revenue of $1.7M, expenses of $1.6M, and assets of $1.3M (revenue +12.3% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.5M, and assets of $1.3M (revenue +24.3% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.1M, and assets of $1.4M (revenue +9.2% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.1M, and assets of $1.3M (revenue +10.6% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.0M, and assets of $1.3M (revenue +4.1% year-over-year).
- 2018: Revenue of $990K, expenses of $970K, and assets of $1.4M (revenue -4.1% year-over-year).
- 2017: Revenue of $1.0M, expenses of $985K, and assets of $1.3M (revenue +10.6% year-over-year).
- 2016: Revenue of $934K, expenses of $924K, and assets of $1.3M (revenue +3.9% year-over-year).
- 2015: Revenue of $898K, expenses of $970K, and assets of $1.4M (revenue +-0.0% year-over-year).
- 2014: Revenue of $898K, expenses of $929K, and assets of $1.6M (revenue +0.7% year-over-year).
- 2013: Revenue of $892K, expenses of $896K, and assets of $1.8M (revenue +14.0% year-over-year).
- 2012: Revenue of $782K, expenses of $806K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Central Massachusetts Chamber Of Commerce Inc:
Data Sources and Methodology
This transparency report for North Central Massachusetts Chamber Of Commerce Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.